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The weakening current account deficit seems to be taking a toll on investor interest in Indian equities.
The 30-share BSE index Sensex was down 64.03 points or 0.31 per cent at 20,787.30 and the 50-share NSE index Nifty was down 19.7 points or 0.32 per cent at 6,191.95.
On the other hand, healthcare, FMCG, auto and capital goods sector stocks remained investors' favourite and were up 0.48 per cent, 0.44 per cent, 0.2 per cent and 0.14 per cent, respectively.
ONGC, Sun Pharma, Tata Motors, TCS and HDFC were the top five Sensex gainers, while the top five losers were Tata Power, ICICI Bank, SBI, Hero MotoCorp and Infosys. “Ahead of the third quarter results, investors are treading with caution. Markets are getting polarised towards defensive sectors such as IT and Pharmaceuticals,” said Nirmal Rungta, director and head (private client group), CIMB Securities.
Among BSE sectoral indices, banking index fell the most by 1.13 per cent, followed by realty 0.71 per cent, IT 0.49 per cent and power 0.41 per cent.
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